|


  
 
 

 
!   "      ##$ %&#' ( # )

 * +  , 
-   .  
#$ #
" %&#' ( # /*
0#   #      . 
#1
-  "
.  '   $
# 

   '    $#   
  
#"  2 #  
 
3 
#   4.  "    
'
   $#   "   1 %
#'
()5 # )  6* * |2   7    

 %
89:8;<:=><??. @ 0  A5B*

 2010
.
2010 53 . 25-1-2010,
25 6,2%,
8
(, 26-1-2010). ' #"
31-3-2010  $ 
53,4
6,2%, $#  $ #'  
 
' ##$

(. ,
, 2010, . 2212).

 
     

!" #$
 #$%&   '()$ %
 *$$
 +,-./01234.567.89  :*  ;*
 :$*  %   "& <=
 >>    *
)$  >&&'*  &'" : 
 ?  &&  $)$ "&$% &&' $
 
 ! $' '" "$=
*'@?  '  >?A$
 !"  
#$=  B)= &&' $  C$! #$

0
CD4
E
0C
4CF
( -G$$#' 
$
# (= ,

) #1"' '
.(, ).
)  '
,#$'
' "  (. 17), . 1
4#" 1
7

'# @
#! 
7
4#G(.17)

  '.
,.


'
 #3$
#- "$3
.
#.
3
,.


#'#)B
 $##$
"#


/ #'  3#" - 

3# , 3
.
  . $
."#$#  (
2,3 ...). 2010/320

. DD@$:D%?D)D:(D
D#$
D !"E
D$$
D$:&D!DDD)D
:"DD?$'D$(D$'D%D'&&D
')D
FDG'DD>
DBD!DD>D
DD$'D!D$DD$')D'&&D$'
D !?D
DD*):D:)D
,
(
- C
DG%D $%DH
DD&
D
.

   . 14 (5)
(.., ...,
...) 4#
# 


#
'4'D##$||
| .#

$ $# #
$ 
#. # 1  
, #
$#
,

. , #1
-
' #$1 "##$
#
..'#1

###$
 .
##$@#(,
.. ...,
, 2010 . 25).

 , #
#

%
.))
%
.
. , 3# 
 (
.. , ).
. 1 ( ) 26
. ( , ),
#D#

#D#
(
( ,
) $# #'
3#
#$$'7 
 " # ..
 " # 
  "

, H#
,H##1
, , .

 4 .
3845/2010

. 9
.3847/2010 ,
, 3# '# 
0.
- # .
, . '' 
" .1

#'#)IJ)
, K3(I51
"#' 1
.1

#'#
/LJ)
 ,


.
,
.


,
&
,

[. 3 (4) () ]
,

.

,
 -
$# 1. 
" 1#'
#
. ,

,  "$#
 "#..
 "#

,
, , :
.. #" 11
 
#.#  $# $
" 1 ".4
.3#. #"
#'  11" 11
 #

 $# " 1 ##M#' 
)%/*  #' (/N
O
#'#6%)*" 1" "
 #','# 
,3

 O
# " 
#%., ". #$#
*##,3
" 1.
  O 

#
 "# #'"K#
,#' 
%0 #C. I* '

.#  "#

#3# 

 #1
1
 #,3 
 .3#'5.BP
4 4 %I5
((5
1 *
3
, 1#
K#
 %|,3 *.#$
 655 555 555#QQQ%4 O#
.  0 .)5(5. ))((*R
#1  
,)5(5

 4 74CDRCD44

DRCD44CH4
,
KFW,

,

.
, 2011
15,9 ,
2011--2014 71
2011
(, 10/110,510/110,5-5-2010, . 125).
,
, ,
:

# $#.
 $$#.
##    $#%
3* K3   $#.'#"K
"$. $@#

    $  - .
$
.## # 1#
##
,   

##-#
"$#

 , ,
,
..

,
! 1938

,
( )
, C
H"
#
 4
 :
,

.

.
,
,
.
. , 'D#
,3
"#' #1 #.
S4ER4E4C# $#.

 p , ,
,
,
. #
# $#' 
-.D1#$# K
 ,#$#.(Yearbook of the
International Law Commission, 1980, vol. , chapter III, C2 article 33,.
37, 38 &Yearbook of the International Law Commission, 1980, vol. , .
158, 19)
, ,
,

,
,  1
1
 [Permanent Court of International Justice (PCIJ). Series C, no
87 (1938(1938-1939). 187 .., . 205 ..].
(stateofnecessity)
(1613
, 17 1980),
, , ,
,
,
,
/ ,
.



,
, ,
, ,
.
# ' 

.$#7'7#
.$#7'7#
@
,,
@


(JudgmentoftheInternationalCourtofJusticeof 25
September 1997, Gabcikovo
Gabcikovo--NavigarosProject
NavigarosProject-- Hungrary/Slovakia).
,
4
.
: ( ,
), 2003
,

.

2TU4E2E
HO
RCDR2R

#$7 R,
119% (2010),
2013,
, 150-177%
,
.
( )

(IMF, Greece, Request fro Stand-By Arrangement
Prepared by the European Department in Consultation with
Other Departments. EBS/10/77, ApprovedbyPoulM.
ThomsenandMartinMuhleisenMay 5, 2010, s. 18,36)4



,  . 
3"
( 25 . 1 ) 
.'3# 
, 7 @#
 Q%
.. 2/2010, . 162, . , .
.. .)

 :
7-  BPLP,# 

$3'  "# $  
#/P.
  $1
'#
# .'",
%H# *R#
- '$# $#
 , " . -  #.
#
1 
  4'#
 'H# D#R#
-;VW.-
(P4DR.$#$4


"K))./# BPLP.
 
$##  7..$
#
H# 
4
X3# ##
"%# ())# )44*.'#1
'4 4 % 
#'#()B44*3"
1##."
# , 
.
.3'
##"$#
%YZV[\<8].(6^(B_I_)5(5. )/*
,'
(I.)P
#,
)5(536BI.6#
%YZ`]?aZ.(6_I_)5(5. (5*

4 .#3O  " 17

7F

##-|, 

$# 3#

$#44.7 R4#
D#R#
-b'$#
$#
.# $## 4
. 
#1473#
#
'##$ D.#.
#1#
-.
$. " 1#
3 '#
# 
1
#"$#  #
 3

" # $# #,#
 4
.-$##$#
"#
$ 
$#4
",.
,3 1' # 
#"
c #
-|, %," *
 ##3#
$ + 1#.'
'
1$# #'
$ $#
 

R
CD OCD
R24
7

,

C
D
CF, )5(5_)5(/.  # #3
)d 56 )5(5.e f ##    $ "
#,

-
2010
15,80
38,00
2011
31,30
40,00
2012
31,70
24,00
2013
24,90
8,00
"(5/.A5((5.55
: Bloomberg (
)
,
2010-2013

103,7 110 ( 110
, 103,7 ,
).

 ,
2010-2013

103,7
110 ( 110 ,
103,7 ,
). 4 .#37

,## 
,. ' 

#.

#
#-, (
110 73%
, 27%
).




,
,

:
, .

  ,
,

.
, ,
((-) ,
,
( ),
.
,
() (
800.000
2011 175.000, 300.000,
20% 15%
), ,
( ),
,
.
500 . 2012 ,
, ,
,
20102010-2012 500 .

, ,

2011. ,
,
.


2005 , 20%
2004,
,

..
(, ).



2003 2009 51%
, 40%,
62% 7 .
, ,
,

(
..,
)
().

 ,
,

,
6%,
( 6%),
,
,
,
( , ),
,

,
, .
,

,
,
8
.

  V, 2011
.
, ,

.

.

,

. ,

,

,
( ),

,



.



, 
@E4  
DSEgSO4RgE
.

2H g24C
C7S
O2

h